BFTHX vs. ALGRX

Last updated Jun 23, 2026

BFTHX (Baron Fifth Avenue Growth Fund) and ALGRX (Alger Focus Equity Fund) are both Large Cap Growth Equities funds. Over the past 10 years, BFTHX returned 16.45%/yr vs 22.15%/yr for ALGRX. Their correlation of 0.92 suggests significant overlap in exposure. BFTHX charges 1.00%/yr vs 0.89%/yr for ALGRX.

Performance

BFTHX vs. ALGRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Fifth Avenue Growth Fund (BFTHX) and Alger Focus Equity Fund (ALGRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BFTHX achieves a 11.60% return, which is significantly lower than ALGRX's 18.19% return. Over the past 10 years, BFTHX has underperformed ALGRX with an annualized return of 16.45%, while ALGRX has yielded a comparatively higher 22.15% annualized return.

BFTHX

• 1D: 1.43%
• 1M: 6.29%
• YTD: 11.60%
• 6M: 10.41%
• 1Y: 29.48%
• 3Y*: 27.06%
• 5Y*: 7.27%
• 10Y*: 16.45%

ALGRX

• 1D: 2.30%
• 1M: 5.27%
• YTD: 18.19%
• 6M: 16.68%
• 1Y: 49.72%
• 3Y*: 40.92%
• 5Y*: 20.33%
• 10Y*: 22.15%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BFTHX vs. ALGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BFTHX Baron Fifth Avenue Growth Fund	11.60%	18.01%	37.38%	57.20%	-50.62%	10.88%	50.42%	33.98%	1.10%	40.64%
ALGRX Alger Focus Equity Fund	18.19%	39.68%	51.77%	44.20%	-35.94%	20.06%	45.82%	33.93%	1.39%	28.68%

Correlation

The correlation between BFTHX and ALGRX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since May 4, 2004	0.92

The correlation between BFTHX and ALGRX has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.

Return for Risk

BFTHX vs. ALGRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BFTHX

BFTHX Risk / Return Rank: 22
BFTHX Sharpe Ratio Rank: 23
BFTHX Sortino Ratio Rank: 22
BFTHX Omega Ratio Rank: 21
BFTHX Calmar Ratio Rank: 22
BFTHX Martin Ratio Rank: 23

ALGRX

ALGRX Risk / Return Rank: 53
ALGRX Sharpe Ratio Rank: 63
ALGRX Sortino Ratio Rank: 51
ALGRX Omega Ratio Rank: 48
ALGRX Calmar Ratio Rank: 57
ALGRX Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BFTHX vs. ALGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Fifth Avenue Growth Fund (BFTHX) and Alger Focus Equity Fund (ALGRX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BFTHX	ALGRX	Difference
Sharpe ratio: Return per unit of total volatility	1.29	2.14	-0.85
Sortino ratio: Return per unit of downside risk	1.82	2.75	-0.93
Omega ratio: Gain probability vs. loss probability	1.22	1.35	-0.13
Calmar ratio: Return relative to maximum drawdown	1.61	2.77	-1.16
Martin ratio: Return relative to average drawdown	5.08	9.23	-4.15

BFTHX vs. ALGRX - Sharpe Ratio Comparison

The current BFTHX Sharpe Ratio is 1.29, which is lower than the ALGRX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of BFTHX and ALGRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BFTHX vs. ALGRX - Drawdown Comparison

The maximum BFTHX drawdown since its inception was -58.84%, smaller than the maximum ALGRX drawdown of -62.64%. Use the drawdown chart below to compare losses from any high point for BFTHX and ALGRX.

Drawdown Indicators

	BFTHX	ALGRX	Difference
Max Drawdown Largest peak-to-trough decline	-58.84%	-62.64%	+3.80%
Max Drawdown (1Y) Largest decline over 1 year	-17.62%	-17.55%	-0.07%
Max Drawdown (3Y) Largest decline over 3 years	-29.22%	-26.96%	-2.26%
Max Drawdown (5Y) Largest decline over 5 years	-58.84%	-43.57%	-15.27%
Max Drawdown (10Y) Largest decline over 10 years	-58.84%	-43.57%	-15.27%
Current Drawdown Current decline from peak	-1.31%	0.00%	-1.31%
Average Drawdown Average peak-to-trough decline	-11.85%	-18.78%	+6.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.59%	5.26%	+0.33%

Volatility

BFTHX vs. ALGRX - Volatility Comparison

Baron Fifth Avenue Growth Fund (BFTHX) and Alger Focus Equity Fund (ALGRX) have volatilities of 9.05% and 8.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BFTHX	ALGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.05%	8.97%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	16.52%	17.74%	-1.22%
Volatility (1Y) Calculated over the trailing 1-year period	22.07%	22.74%	-0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.11%	26.40%	+4.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.22%	24.11%	+3.11%

BFTHX vs. ALGRX - Expense Ratio Comparison

BFTHX has a 1.00% expense ratio, which is higher than ALGRX's 0.89% expense ratio.

Dividends

BFTHX vs. ALGRX - Dividend Comparison

BFTHX's dividend yield for the trailing twelve months is around 3.68%, less than ALGRX's 6.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ALGRX Alger Focus Equity Fund	6.63%	7.84%	0.00%	0.10%	0.06%	13.98%	6.25%	2.08%	5.38%
BFTHX Baron Fifth Avenue Growth Fund	3.68%	4.11%	0.79%	0.00%	0.00%	3.19%	0.36%	2.95%	0.00%

Frequently Asked Questions

Can I hold both BFTHX and ALGRX in my portfolio?

BFTHX and ALGRX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BFTHX or ALGRX?

BFTHX has higher volatility (9.05%) compared to ALGRX (8.97%). In terms of maximum drawdown, BFTHX dropped -58.84% vs ALGRX's -62.64%.

Which has better risk-adjusted returns?

ALGRX currently has the higher Sharpe Ratio (2.14 vs 1.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.